Amber
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Amber - overview
Established
1990
Location
Gurgaon, Haryana, India
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
About
Founded in 1990 and based in Gurgaon, India, Amber is a company that focuses on the research and development of room air conditioners (RAC). In 2004, the company started RAC and sheet metal parts. In 2012, it acquired PICL. In November 2016, ADV Partners acquire a 44% minority stake in Amber from Fairwinds Private Equity and the company's promoters for INR 3.
5 billion. In 2022, the company established the Sricity Unit. Amber owns several subsidiaries including Sidwal Refrigeration Industries Private Limited, IL JIN Electronics (India) Private Limited and Pravartaka Tooling Services Private Limited etc. The company's main products include indoor air conditioners, motors, electronic products and railway air conditioners, etc.
Its products are used in industries such as railways, subways, buses and defense.
Current Investors
GIC, ADV Partners, IFCI Venture Capital Funds
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
Sub Industries
Consumer Electronics, Heating, Cooling & Ventilation Equipment and Services
Website
www.ambergroupindia.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Amber - timeline of key events
Amber - financials
| Fiscal Year Ended | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 21,715,082,000 | 27,519,907,000 | 39,627,933,000 | - | - | - |
| % Revenue Growth (YoY) | - | 26.7% | 44.0% | - | - | - |
| EBITDA (USD) | 1,902,050,000 | 2,214,125,000 | 3,152,920,000 | - | - | - |
| Operating Income (USD) | 1,411,838,000 | 1,591,029,000 | 2,305,171,000 | - | - | - |
| Operating Margin | 6.5% | 5.8% | 5.8% | - | - | - |
| % EBITDA Margin | 8.8% | 8.0% | 8.0% | - | - | - |
| NET Income (USD) | 623,058,000 | 947,709,000 | 1,641,449,000 | - | - | - |
| % Net Margin | 2.9% | 3.4% | 4.1% | - | - | - |
Amber - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Announced | Ascent Circuits Pvt. Ltd. | - | ||||||||
| Seed | Completed | RLWRLD Inc. | - | ||||||||
| Series A | Completed | Privasea AI PTE. LTD. | - | ||||||||
| Add-on | Completed | ILJIN Electronics (I) Pvt. Ltd. | - | ||||||||
| Add-on | Completed | ILJIN Electronics (I) Pvt. Ltd. | - |
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Amber - employee data
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